TD Cowen Boosts Global Payments (NYSE:GPN) Price Target to $95.00

Global Payments (NYSE:GPN) had its target price hoisted by investment analysts at TD Cowen from $92.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 24.36% from the stock’s previous close.

Several other research firms have also commented on GPN. Mizuho raised Global Payments from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $86.00 to $114.00 in a research report on Friday, July 25th. B. Riley reiterated a “buy” rating on shares of Global Payments in a report on Wednesday, July 16th. Raymond James Financial reissued an “outperform” rating and set a $105.00 price target on shares of Global Payments in a research report on Tuesday. KeyCorp downgraded shares of Global Payments from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI boosted their price objective on shares of Global Payments from $85.00 to $90.00 and gave the stock an “in-line” rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.10.

Global Payments Price Performance

Shares of GPN stock opened at $76.39 on Wednesday. Global Payments has a twelve month low of $65.93 and a twelve month high of $120.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $85.19 and a two-hundred day simple moving average of $81.75. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 0.76 and a beta of 0.95.

Global Payments (NYSE:GPN) last posted its earnings results on Tuesday, November 4th. The business services provider reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.03. Global Payments had a net margin of 15.07% and a return on equity of 12.47%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $3.08 EPS. Global Payments has set its FY 2025 guidance at 6.600-6.666 EPS. On average, analysts predict that Global Payments will post 11.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Global Payments

Several hedge funds have recently made changes to their positions in the company. MidWestOne Financial Group Inc. lifted its position in Global Payments by 32.4% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 58,245 shares of the business services provider’s stock worth $4,839,000 after acquiring an additional 14,266 shares during the period. Prescott Group Capital Management L.L.C. raised its stake in shares of Global Payments by 50.2% in the third quarter. Prescott Group Capital Management L.L.C. now owns 89,805 shares of the business services provider’s stock worth $7,461,000 after purchasing an additional 30,000 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Global Payments by 16.1% during the third quarter. Assetmark Inc. now owns 10,141 shares of the business services provider’s stock worth $843,000 after purchasing an additional 1,403 shares during the period. Public Sector Pension Investment Board boosted its position in Global Payments by 307.8% in the third quarter. Public Sector Pension Investment Board now owns 93,433 shares of the business services provider’s stock valued at $7,762,000 after buying an additional 70,521 shares during the last quarter. Finally, LSV Asset Management boosted its position in Global Payments by 22.7% in the third quarter. LSV Asset Management now owns 342,600 shares of the business services provider’s stock valued at $28,463,000 after buying an additional 63,400 shares during the last quarter. 89.76% of the stock is owned by institutional investors and hedge funds.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.